Description

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The five-story theater located at 940 South Figueroa Street, features a 1,000-seat theater, as well as a restaurant/ nightclub, a smaller theater, and ample office space. The property is also registered as a historical landmark, it has been called one of the most architecturally noteworthy structures in Downtown Los Angeles.

At 1,000 seats, the size of the Variety Arts Center makes it unique in the Downtown area and creates a potential entertainment venue triad in the Entertainment District with Staples presenting marquee events, the Nokia Theater hosting mid-size entertainment acts and events, and the Variety Arts Center poised to offer smaller acts in a more intimate setting.

Located within 50 yards of AEG's new L.A. Live Project, a 450,000 square foot entertainment zone, dubbed Times Square of the West. The project is also located just one block north of the LA Convention Center and Staples Center Sports Arena, which host approximately 240 events per year. The property is located adjacent to the major intersection of Figueroa & Olympic. Additionally, the proerty is flanked by over 1,400 high-end lofts/condominiums within a two block radius.

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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO